On The Mark: The Retractable (Debt) Ceiling

The clock is ticking on US debt ceiling negotiations. Treasury Secretary Yellen informed Congress that cash balances are estimated to run out by early June, the so called X-date. With the deadline fast approaching, markets are sending signals about investor concerns. Treasury bills with maturity dates in mid-summer are seeing higher yields. While there is no playbook on how this showdown will unfold, sadly, this is not our first rodeo either. (Read More/View PDF)